Roku Inc (NASDAQ: ROKU) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that Roku, the #1 Selling TV Operating System in the U.S. and Mexico, Celebrates 10 Years of Roku TV.

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Stocks Info

Roku Inc is listed on the NASDAQ in the Communication Services sector while operating in the Entertainment industry. At the end of the last regular session, the stock closed at $87.07 and fluctuated between $87.10 as its day high and $83.60 as its day low. The current market capitalization of Roku Inc is $12.41B. A total of 5.76 million shares were traded on the day, compared to an average of 7.13M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, ROKU has seen 8 BUY and 17 SELL insider trades, representing the acquisition of 103,112 and the disposition of 84,503 shares. Over the last 12 months, there were 45 BUYs and 56 SELLs from insiders. Insiders purchased 639,101 shares during that period but sold 415,721.

In the most recent transaction, Wood Anthony J. sold 25,000 shares of ROKU for 90.50 per share on Jan 10. After the transaction, the CEO and Chairman BOD now owns 0 company shares. In a previous transaction on Jan 02, Banks Matthew C. sold 205 shares at 90.55 per share. ROKU shares that VP, Corp Controller & CAO owns now total 4,126.

Among the insiders who sold shares, Ozgen Mustafa disposed of 33,684 shares on Dec 14 at a per-share price of $103.90. This resulted in the Pres, Devices, Prod, and Tech holding 2,418 shares of ROKU after the transaction. In another insider transaction, Wood Anthony J. sold 25,000 shares at $99.69 per share on Dec 13. Company shares held by the CEO and Chairman BOD now total 0.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for ROKU in the last 3 months, the mean price target is $90.32 with high estimates of $120.00 and low estimates of $63.00. In terms of 52-week highs and lows, ROKU has a high of $108.84 and a low of $48.77.

As of this writing, ROKU has an earnings estimate of -$0.55 per share for the current quarter. EPS was calculated based on a consensus of 23 estimates, with a high estimate of -$0.23 per share and a lower estimate of -$0.86. The company reported an EPS of -$0.76 in the last quarter, which was 39.70% higher than expectations of -$1.26.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. ROKU’s latest balance sheet shows that the firm has $2.15B in Cash & Short Term Investments as of fiscal 2021. There were $521.71M in debt and $729.62M in liabilities at the time. Its Book Value Per Share was $16.19, while its Total Shareholder’s Equity was $2.77B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ROKU is Buy with a score of 3.48.

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